Dreams come True
We will now witness the busiest property buying since the last boom. The UK housing market has always been a barometer of consumer confidence. Lets just hope that the financial world will keep pace of this confidence and not let us down. It's difficult as the bonus culture in the financial world brings a risk element into transactions. That's why regulation should be supported as its aim is to mitigate risk.
Chance
Without regulation the property move would be a game of chance. The risk would be enormous. That's why you use reputable, experienced professionals. You minimise your risk by accepting the need for a valuation which confirms if your offer covers the market value of the property and a lender will then allow you to borrow on that property. The Survey tells you about the condition of the property. So taking a short cut and going for Cheap doesn't actually make sense.
If you are lucky enough to buy a car then we all know that cheap cars are often unreliable. It follows that when you buy a car you go to reputable dealer that is keen to excel in customer service.
House buying is just the same - Don't take a chance in using cheap professionals - You don't need to, and as the old saying goes You get what you pay for!